“We believe the value approach to investing can outperform over time because investors tend to overestimate the persistency of high growth rates in one direction and low growth rates in the other. This causes temporary, exploitable dislocations in stock prices and, we believe, opportunities for our Value Team to generate alpha through stock selection.”

— Christian K. Stadlinger, Ph.D., CFA, Senior Portfolio Manager

Investment Approach

The Columbia Small/Mid Cap Value portfolio seeks to deliver capital appreciation and income through an actively managed portfolio of small- and mid- capitalization company stocks. Our management team combines fundamental and quantitative analysis with risk management techniques to construct a portfolio of undervalued, misunderstood small/mid-sized companies whose stocks may deliver superior performance over time.

Distinguishing Features

Seasoned, stable team has managed successfully through varied market environments

Investment Professionals

Christian Stadlinger, Ph.D., CFA

Christian Stadlinger is a senior portfolio manager for Columbia Threadneedle Investments. Dr. Stadlinger serves as the lead portfolio manager on a small-cap value product and is co-lead on a smid-cap value product. Dr. Stadlinger joined one of the Columbia Threadneedle Investments legacy firms in 2002. Previously, Dr. Stadlinger worked as a team leader and senior portfolio manager on the domestic emerging value investment team at BlackRock, where he managed small-cap and mid-cap value portfolios for corporate, institutional and high-net-worth clients. Prior to that, Dr. Stadlinger managed small-cap value mutual fund and institutional portfolios at Morgan Stanley Asset Management. He has been a member of the investment community since 1989. Dr. Stadlinger received an M.S. in economics and computer science from the University of Vienna and a Ph.D. in economics from Northwestern University. He is a member of the New York Society of Security Analysts and holds the Chartered Financial Analyst® designation.

Jarl Ginsberg, CFA, CAIA

Jarl Ginsberg is a senior portfolio manager for Columbia Threadneedle Investments. Mr. Ginsberg is co-lead portfolio manager on a small-cap value product and is lead portfolio manager on a smid cap value product. Mr. Ginsberg joined one of the Columbia Threadneedle Investments legacy firms in 2003. Previously, Mr. Ginsberg worked for BlackRock as co-manager for their mid-cap value product and analyst for their small-cap value product. He has been a member of the investment community since 1987. Mr. Ginsberg received a bachelor’s degree in applied mathematics and economics from Brown University and a Master of Public and Private Management (M.P.P.M.) in finance from the Yale School of Management. He is a member of the New York Society of Security Analysts. In addition, he holds the Chartered Financial Analyst® and Chartered Alternative Investment Analyst designations.

David Hoffman

David Hoffman is a senior portfolio manager at Columbia Threadneedle Investments and is co-lead portfolio manager on a mid-cap value product and portfolio manager on a smid-cap value product. Mr. Hoffman joined one of the Columbia Threadneedle Investments legacy firms in 2001. Prior to his current role, Mr. Hoffman held other key research positions, including director of equity research, deputy director of research, and senior research analyst. Previously, Mr. Hoffman worked for Zurich Scudder Investments in several capacities. In addition to serving as an equity analyst covering consumer staples companies and real estate investment trusts, Mr. Hoffman co-managed a dividend and growth fund, and co-managed the firm’s value team of more than 20 portfolio managers and analysts. His earlier investment experience includes tenure as managing director, portfolio manager and analyst at HVB Asset Management, and as a vice president in real estate investments at Hypo Bank and its affiliates. He began his career in financial services at Swiss Bank Corp. He has been a member of the investment community since 1986. Mr. Hoffman received a B.A. in American and Russian studies from Grinnell College and an M.A. in international affairs from Columbia University.